UK economy vulnerable to Trump tariffs – BoE’s Greene
MPC member says US has outsized financial impact as biggest single-country trading partner
The UK economy is vulnerable to a trade war triggered by US tariffs and is being buffeted by external financial forces, Bank of England policy-maker Megan Greene said on February 12.
In remarks at the Institute of Directors in London, Greene sought to analyse the economic implications of a trade war. She said the European Union was the UK’s biggest trading partner, but the US was its biggest single-country trading partner and had an “outsized” financial impact owing to the dollar’s global
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